|Bid||2.0000 x 1000|
|Ask||5.4000 x 1000|
|Day's Range||3.9000 - 4.2600|
|52 Week Range||3.9000 - 10.4800|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||72.55|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.50|
Altus Midstream Company (“Altus”) (ALTM) today announced that Altus Midstream LP (“Altus Midstream”) has completed the issuance of $625 million of preferred equity, the terms of which were previously announced on May 8, 2019. Upon closing of the private placement, Altus Midstream’s revolver capacity increased to $650 million. “Altus continues to deliver on its near-term goals. Altus expects to exercise its option on the Shin Oak natural gas liquids (NGLs) pipeline following completion of the Waha Lateral, which is expected to occur by the end of June.
Houston-based Altus Midstream Co. (Nasdaq: ALTM) announced May 31 that its COO has left the company for another job after just one month in the role. Craig Collins was appointed to the position effective April 29, according to an April press release.
HOUSTON, May 31, 2019 -- Altus Midstream Company (NASDAQ: ALTM) today announced that Craig Collins, chief operating officer, has departed the company. “Craig has accepted a.
Altus Midstream Company (“Altus”) (ALTM) today announced that the first of its three new cryogenic processing trains at the Diamond Cryo Complex in Alpine High is now processing rich natural gas and delivering natural gas liquids (NGLs) and residue gas to sales. This initial facility is the first of three units scheduled to begin operations in 2019, with aggregate nameplate capacity of 600 million cubic feet (MMcf) per day, which can produce an estimated 60,000 to 75,000 barrels of NGLs per day at Alpine High for Altus’ primary customer, Apache (NYSE, NASDAQ: APA). “We are thrilled to have the first unit of the Diamond Cryo Complex in service and quickly increasing volumes towards nameplate capacity of 200 MMcf per day,” said Altus CEO and President Clay Bretches.
Altus Midstream Company (ALTM) (Altus Midstream or Altus) today announced that its subsidiary, Altus Midstream Processing LP (Altus Midstream Processing), has exercised and closed its option to acquire an approximate 26.7 percent equity interest in the Permian Highway Pipeline (PHP). “We are very excited to participate in the Permian Highway Pipeline,” said Clay Bretches, Altus Midstream CEO and president. “Our recent preferred equity financing and revolver amendment facilitate our ability to move forward with the early exercise of PHP. Net to Altus’ ownership interest, the exercise price of the option is approximately $161 million.
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Altus Midstream Company (“Altus”) (ALTM) today announced that Altus Midstream LP (“Altus Midstream”) has entered into definitive agreements to issue $625 million of preferred equity in a private placement and amend its credit facility, which will allow Altus Midstream’s revolver capacity to increase to $650 million during the Initial Period (as defined in Altus Midstream’s credit agreement), an increase of $200 million.
There will be a conference call May 2 at 1 p.m. Central time to discuss the results. The conference call will be webcast from the website, and the webcast replay will be archived there as well. The conference call will also be available for playback by telephone for one week.
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Apache Corporation (NYSE, Nasdaq: APA) today announced that it initiated natural gas production volume deferrals from its Alpine High play in late March, in response to extremely low prices at Waha Hub. Current deferrals represent approximately 250 million cubic feet (MMcf) per day of gross gas production.
Altus Midstream Company (“Altus”) (ALTM) today announced the appointment of Craig Collins to the newly created role of Chief Operating Officer, effective April 29. “Craig’s extensive industry experience and midstream operational expertise make him the perfect fit for Altus as operations ramp up and we build out additional infrastructure, which includes three new cryogenic processing plants scheduled to come online in 2019,” said Clay Bretches, Altus CEO and president.
Altus Midstream Company (ALTM) (“Altus”) will host its first-quarter 2019 results conference call Thursday, May 2, 2019, at 1 p.m. Central time. The conference call will be webcast from Altus’ website at www.altusmidstream.com/investors, and the webcast replay will be archived there as well. The conference call will also be available for playback by telephone for one week beginning at approximately 6 p.m. Central time May 2.
HOUSTON, Feb. 27, 2019 -- Altus Midstream Company (NASDAQ: ALTM) today announced its results for the three-month period ending Dec. 31, 2018, on its website.
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Altus Midstream Company (“Altus”) (ALTM) today announced it has exercised its option to acquire a 15 percent equity interest in the EPIC Crude Oil Pipeline. “We are excited to become an equity partner in the EPIC Crude Oil Pipeline. The pipeline will serve as a critical outlet for Permian Basin crude oil, and its capacity is supported by minimum volume commitments and acreage dedications from high quality counterparties,” said Clay Bretches, Altus CEO and president.
Apache's (APA) realized gain on oil and gas price derivatives before tax for the fourth quarter is projected at $14 million.
HOUSTON, Jan. 24, 2019 -- Apache Corporation (NYSE, Nasdaq: APA) today provided supplemental information regarding fourth-quarter realized commodity prices, derivative gains,.